SSRN Author: George SelginGeorge Selgin SSRN Contenthttp://www.ssrn.com/author=758931
http://www.ssrn.com/rss/en-usFri, 25 Nov 2016 11:00:07 GMTeditor@ssrn.com (Editor)Fri, 25 Nov 2016 11:00:07 GMTwebmaster@ssrn.com (WebMaster)SSRN RSS Generator 1.0New: New York's Bank: The National Monetary Commission and the Founding of the FedLegislation calling for the establishment of a Centennial Monetary Commission “to examine the United States monetary policy, evaluate alternative monetary regimes, and recommend a course for monetary policy going forward,” was introduced in both the House and the Senate in July 2015, with the essential provisions of the bill passing the House in November. The plan draws inspiration from the National Monetary Commission convened over a century ago, in response to the Panic of 1907.
This Policy Analysis reviews the earlier Monetary Commission’s origins, organization, and shortcomings, in order to suggest how a new commission might improve upon it. In contrast to more conventional, celebratory accounts of the Fed’s establishment, it finds that, instead of serving as a means for achieving desirable reforms, the National Monetary Commission served as a façade behind which its chair, Sen. Nelson Aldrich (R-RI), pursued a personal monetary reform agenda heavily influenced by major New York ... http://www.ssrn.com/abstract=2833912
http://www.ssrn.com/1525444.htmlMon, 05 Sep 2016 13:42:26 GMTNew: New York's Bank: The National Monetary Commission and the Founding of the FedI review the original Monetary Commission’s origins and contribution to the legislative effort that led to the passage of the Federal Reserve Act. My immediate purpose is that of identifying that Commission’s merits and shortcomings, with the aim of informing the current effort to establish a new monetary commission. But I also seek, in passing, to respond to conventional, celebratory accounts of the Fed’s establishment by drawing attention to the way in which special interests, and representatives of the major New York City banks in particular, seized control of the pre-Fed currency reform movement, and then took it a direction better suited to preserving and enhancing Wall Street’s profits than to ending financial crises. http://www.ssrn.com/abstract=2710868
http://www.ssrn.com/1457764.htmlWed, 06 Jan 2016 10:02:13 GMT